Barclays Raises Chart Industries (NYSE:GTLS) Price Target to $165.00

Chart Industries (NYSE:GTLS) had its price objective increased by Barclays from $145.00 to $165.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective suggests a potential downside of 0.65% from the company’s previous close.

GTLS has been the subject of a number of other reports. TD Cowen lifted their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company decreased their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday. The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, Citigroup boosted their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Price Performance

Shares of GTLS stock opened at $166.07 on Tuesday. The stock has a 50-day moving average price of $198.68 and a 200 day moving average price of $164.37. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 48.14, a PEG ratio of 0.57 and a beta of 1.84. Chart Industries has a 12 month low of $101.60 and a 12 month high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 earnings per share. Research analysts expect that Chart Industries will post 9.02 EPS for the current year.

Hedge Funds Weigh In On Chart Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Chart Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after purchasing an additional 59,889 shares during the period. Janus Henderson Group PLC lifted its stake in Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company’s stock valued at $307,046,000 after acquiring an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after acquiring an additional 291,520 shares in the last quarter. King Luther Capital Management Corp lifted its stake in Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after acquiring an additional 29,139 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after acquiring an additional 19,534 shares in the last quarter.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.